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Tools and Information to grow your bitcoin

In addition to Ledn’s Bitcoin Savings Account and Bitcoin-backed Loans, Ledn is proud to release a service to help users make the most of their bitcoin. B2X is a service that allows users to increase the bitcoin they hold, facilitated through a Ledn Bitcoin-backed Loan and a bitcoin purchase. A quick and simple way to double your bitcoin balance.

Frequently Asked Questions
  • We are a diverse, Toronto-based team committed to building world-class financial services catered to the crypto-economy. Please visit our team page to meet us and get in touch.
  • Ledn offers a suite of products for you to make the most of your digital assets. Our savings products can provide you with extra yield. Our credit products help you keep your bitcoin and access dollars, or use the borrowed funds to purchase more.
  • Yes. You should understand the risks involved before trading digital assets. Some of these risks are:
    • The value of digital assets can be extremely volatile and unpredictable, and you can experience significant loss in a short period of time.
    • The regulation of digital assets continues to evolve across the globe, which may restrict the use of digital assets or otherwise impact the demand for digital assets.
    • The nature of digital assets may lead to an increased risk of fraud or cyber-attack.
    • Any digital assets held on the Ledn platform are not protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation or any other investor protection insurance scheme anywhere in the world.
    • If you have posted digital assets as collateral for a loan and the value of digital assets decreases, you may be required to deposit additional digital assets as collateral for the loan. We may also liquidate digital assets posted as collateral, in whole or in part, by selling such digital assets, but you remain responsible for any deficiency which exists after the net proceeds of dispositions are credited against any amounts owing by you to us.
    • We may hold your digital assets in our name or in another name, and we may pledge, repledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such crypto assets, separately or together with other property, with all attendant rights of ownership, and for any period of time and without retaining a like amount of crypto asset, and use or invest such digital assets. We will use our commercial best efforts to prevent losses but there is a risk of loss.
    Check out the Risk Disclosure Statement section of our Terms of Service, which can be accessed here.
  • No.
  • No, the bitcoin collateral securing the loan will be returned to you when the loan is fully repaid. You can repay the loan at any time without penalties.
  • Ledn requires all borrowers to provide identity information for our KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. We do not run a credit check on our customers.
Savings Account
  • Transactions sent to your Bitcoin Savings Account will be posted after 1 confirmation on the Bitcoin blockchain. This process typically takes about 10 minutes depending on the transaction fee selected by the sender and the Bitcoin network traffic. When possible, it is best to use the QR code to obtain the bitcoin address directly from the Ledn platform to reduce the risk of errors while copying and pasting, or manually typing the address.
Bitcoin-backed Dollar Loans
  • We currently accept bitcoin (BTC) as collateral for our Dollar Loans or B2X loans.
  • Yes! Customers have the choice of repaying with dollars or with bitcoin.
  • Customers have the option to extend the loan when the original 12-month term ends.
  • We charge simple interest of per annum.
  • The loan is contracted in either US Dollars or USD Coin (USDC). Generally, our loans are issued at around 50% of the value of the bitcoin collateral used to secure the loan, which is what 50% LTV means. That is, the funds you borrow represent 50% of the value of your bitcoin collateral.

    Please find more information about Ledn loan management tips here.
  • We offer a simple 12-month term to all our customers. Your current balance can be paid back at any time without penalties.
  • Ledn loans offer an innovative repayment schedule which requires you to make only one payment when you close the loan. Monthly interest payments are not required.
  • No, we do not charge any prepayment penalties.
  • Any gain in the value of bitcoin is yours to keep. You only ever owe the balance of your Ledn loan, which is pre-determined and not affected by the bitcoin price.
  • Yes! Please contact us to see if your country currently qualifies for a Ledn loan.